||Page| |---|---| |Charity
Information|| |Feoffees' Report|2-5| |Auditors'
Report|6-8| |Statement ofFinancial Activities —current year|| |Balance Sheet|10| |Notes to the Financial Statements|11-17| ## ## |Mr CJ|C Grah|am
(died
in Octob|am
(died
in Octob|er 20|21)|| |---|---|---|---|---|---|---| |||Ms SC Forte||||| ||Mrs|G|M Wiglesworth|||| ||Mr|M|D H Peachey|||| ||Councillor FAbbott|||||| ||Councillor J Clifford|||||| |Clerk and|Agent:||Mr P ECowen|||| ||||Messrs. Godfrey-Payton|||| ||||Old Bablake|||| ||||Hill Street|||| ||||Coventry|||| ||||CV1 4AN.|||| |Bankers:|||Lloyds pic|||| ||||High Street|||| ||||Coventry|||| ||||CV1 5RA.|||| |Solicitors:|||Rotherham|8 Company||Limited| ||||88 9The|Quadrant||| ||||Coventry|||| ||||CV1 2EG.|||| |Auditors:|||Dafferns LLP|||| ||||Chartered|Accountants||| ||||One Eastwood|||| ||||Harry Weston Road|||| ||||Binley Business||Park|| ||||Coventry|||| ||||CV32UB|||| |Investment|Advisors:
Brewin Dolphin||||Limited|| ||||9Colmore|Row||| ||||Birmingham|||| ||||B328J.|||| |Registered|No:||235581|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Unrestricted|Unrestricted|Endowment|Endowment|Total|Total| |---|---|---|---|---|---|---|---|---|---|---| |||||Notes|funds||funds||2021|2020| |Income and endowments||from:||||||||| |Investments||||||||||| |Rent receivable|||||363,808||||363,808|383,907| |Wayleaves|||||1,368||||1,368|919| |Land Promotion Fee|||||30,000||||30,000|| |Dividends
and interest|on|||||||||| |quoted securities|||||32,908||||32,908|41,525| |Interest on bank deposits|||||682||||682|5,413| |Total income and endowments|||||428,766||||428,766|431,764| |Expenditure
on:||||||||||| |Raising funds|||||76,161||9,148||85,309|119,676| |Charitable
activities:||||||||||| |Trustees ofCoventry|Church|||||||||| |(Municipal)
Charities|||||400,000||||400,000|360,000| |Governance costs|||||3,672||||3,672|4,845| |Total expenditure|||||479,833||9,148||488,981|484,521| |Net gains / (losses) on investment|||assets||||1,260,760||1,260,760|(83,022)| |Net (expenditure)
/ income|||||(51,067)||1,251,612||1,200,545|(135,779)| |Transfers||||||||||| |Net movement
in funds|||||(51,067)||1,251,612||1,200,545|(135,779)| |Reconciliation offunds||||||||||| |Total funds brought
forward|||||441,719|11,915,295||12,357,014||12,492,793| |Total funds carried forward|||||390,652|13,166,907||13,557,559||12,357,014| ## ## ||||||Notes|2021||2020| |---|---|---|---|---|---|---|---|---| ||||||||F|F| |FIXEDASSETS||||||||| |Investments||||||12,900,222||11,260,286| |CURRENT ASSETS||||||||| |Debtors||||||113,855|77,358|| |Cash at bank and||investment||managers||609,082|1,085,620|| |||||||722,937|1,162,978|| |CREDITORS: Amounts|||falling|due||||| |within one year:||||||(65,600)|(66,250)|| |NET CURRENT|ASSETS|||||657,337||1,096,728| |NET ASSETS||||||13,557,559||12,357,014| |CHARITY FUNDS||||||||| |Endowment||||||13,166,907||11,915,295| |Unrestricted|||||10|||| |-Accumulated||income|fund|||75,652||156,719| |-Designated|funds|||||315,000||285,000| |||||||13,527,559||12,357,014| ## ## ## ## ## ## ## ## |EXPENDITURE|ON R|AI|SING|FUNDS|||||| |---|---|---|---|---|---|---|---|---|---| ||||||2021|||2020|| |||||Endowment|||Accumulated|Endowment|Accumulated| |||||fund|||income|fund|income| ||||||E|||E|F| |Repairs and improvements|||to|properties|||31,068||47,441| |Insurance|||||||9,862||10,481| |Agents fees|||||||30,637||33,265| |Professional fees||||||||4,344|14,430| |Investment
Management|||Fee||9,148|||9,581|| |Bank charges|||||||120||30| |Re-letting cost|||||||4,196||| |Other expenditure|||||||278||104| ||||||9,148||76,161|13,925|105,751| |GOVERNANCE|COSTS|||||||2021|2020| |Luncheon at rent|audits|and expenses ofannual||||view|||976| |Subscription - Country||Land &||Business|Association|||594|594| |Sundries|||||||||| |Auditors'
remuneration:|||||||||| |Audit||||||||4,800|4,650| |Other services||||||||2,880|2,790| |VAT reclaimed||||||||(4,602)|(4,165)| |||||||||3,672|4,845| ## ## ## ## ## |FIXEDASSET INVESTME|NTS|||| |---|---|---|---|---| |||Freehold||| |||investment|Quoted|| |||~ro erties|investments|Total| |||||P| |Market Value at 1 April 2020
Additions||10,169,810
31,658|1,090,476
631,506|11,260,286
663,164| |Disposals
Net realised and unrealised|gains|955,652|(283,988)
305,108|(283,988)
1,260,760| |Market value at 31 March|2021|11,157,120|1,743,102|12,900,222| |Historical cost at 31 March|2021|3,810,142|1,434,509|5,244,651| |Freehold
investment
properties
comprising
over 5%
are as follows:|ofthe market value of the total inves|tment
portfoli| |---|---|---| ||2021|2020| |||E| |Acton
Hill Farm, Staffordshire
Manor Farm, Lawford Heath
16 - 20 High Street, Bridgnorth
Land at Blacklands
Farm|2,278,261
807,407
1,850,000
895,911|2,161,000
800,000
1,749,184
870,000| |Herd
Hill Farm, Kineton|1,406,756|1,400,000| ## ||||||| |---|---|---|---|---|---| |6.|DEBTORS|||2021|2020f| ||Rent receivable|||83,455|76,896| ||Other debtors|||30,400|462| |||||113,855|77,358| ||Rent receivable|is measured
at amortised cost.|||| |7.|CASH AT BANK AND||INVESTMENT MANAGERS||| |||||2021|2020| |||||F|E| ||Lloyds pic|||311,157|180,155| ||Brewin Dolphin|Ltd||154,278|11,154| ||Lloyds pic —Deposit Account|||127,080|877,882| ||CCLA|||654|653| ||Virgin Money|||15,913|15,776| |||||609,082|1,085,620| |8.|CREDITORS: Amounts||falling due within one year||| |||||2021|2020| ||Rentin advance|||29,675|24,025| ||Trade creditors|||7,160|| ||VAT|||8,385|7,757| ||Accruals|||20,380|34,468| |||||65,600|66,250| ||Rent in advance|is measure at amortised cost.|||| ## ## ||||||Balance|~tncorntn|Transfers||Balance| |---|---|---|---|---|---|---|---|---|---| ||||||at 1|resources|between|~Ex enditure|at 31| ||||||April 2020|~and
aine|funds|and losses|March 2021| ||||||||f.||| |a)|Designated|fund|||||||| ||Improvement|and|renovation|fund|220,000||||220,000| ||Land Promotions||fund||65,000|30,000|||95,000| ||||||285,000|30,000|||315,000| |b)|Accumulated|income|||156,719|398,766||(479,833)|75,652| ||Total Unrestricted||funds||441,719|428,766||(479,833)|390,652| ## |ANALYSIS OF|NE|T ASSETS|BETW|EEN FUNDS|||| |---|---|---|---|---|---|---|---| |||||||Net|| |||||Freehold||current|| |||||~ro erty|Investments|assets|Total| |||||||E|| |Endowment
fund||||11,157,120|1,743,102|266,685|13,166,907| |Unrestricted
funds:|||||||| |Improvement|and|renovation|fund|||220,000|220,000| |Land Promotions||fund||||95,000|95,000| |Accumulated|income|||||75,652|75,652| |Total net assets||||11,157,120|1,743,102|657,337|13,557,559| ## ## |||||2021|2020| |---|---|---|---|---|---| |||||E|F| |Contracted|but not provided|for in the|||| |financial statements||||66,000|110,000| ||||Page 16||| ##